Powell Says He Won’t Step Down as Fed Chair If Asked by Trump

Federal Reserve Chair Jerome Powell said he would not leave his post if asked by President-Elect Donald Trump.

A reporter at the Fed’s post-meeting press conference said that some of Trump’s advisers have suggested that Powell resign, and asked the chair if he’d leave if Trump asked him to. Powell simply replied, “No.”

The reporter followed up and asked if Powell thinks he’s legally not required to leave, to which he also answered, “No.”

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Another journalist later asked if the president has the power to fire ...